BOREARIS

Silver (XAG/USD) Double top 15 min

Silver (XAG/USD) 15 minConfirmed Oct 22, 03:00 UTC+8
HNHConfirmedClosed57.906Invalid 57.886Neck 57.304Confirm 57.150Target 1 56.955Target 56.760━ MA20 + Bollinger Bands ━ MA50 15 min70503060.89━ RSI ━ 9MA00.07━ MACD ━ MACD Signal10/21 18:0010/21 20:0010/21 22:0010/22 00:0010/22 02:0010/22 04:00
HNHConfirmedClosed57.906Invalid57.886Neck57.304Confirm57.150Target1 56.955Target56.760━ MA20 ━ MA5070503060.89━ RSI ━ 9MA00.07━ MACD ━ MACD Signal21 20:4521 23:4522 02:45

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Double top: First target, then break-even

Target56.760
First target56.955
Confirmation57.150
Invalid at57.886
Move-0.04%

Timeframe15 min
ConfirmedOct 22, 03:00
ClosedOct 22, 03:15
Duration0.5 h
Reward / risk0.53

What this tells you

Price is rejected twice at a similar high; a break below the low between them (the neckline) often marks a turn from up to down.

Check it on the live chart

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Swing points

PointTime UTC+8Price
HighOct 21, 21:0057.848
NecklineOct 21, 22:0057.304
HighOct 22, 02:3057.823
ConfirmationOct 22, 03:0057.150

Recently closed Double top patterns: 26 in total, 21 reached the target first (81%), 3 were invalidated and 2 expired. Results by pattern →

Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.

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